Why Nuscale Power Corporation (SMR) Went Down on Thursday

We recently compiled a list of the Weak Earnings, Outlook Drag Shares of These 10 Firms on Thursday. In this article, we are going to take a look at where Nuscale Power Corporation (NYSE:SMR) stands against the other stocks.

The stock market finished firmer on Thursday, as investors cheered fresh inflation data and tariff updates that helped alleviate concerns about inflationary pressures and global trade tensions.

The Dow Jones rose by 0.77 percent, the S&P 500 increased 1.04 percent, while the Nasdaq jumped 1.50 percent.

Despite overall market gains, ten companies managed to register declines, mostly due to disappointing earnings performance, a weaker outlook, and downgraded ratings.

To come up with Thursday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A Nuclear power plant with all its safety & security protocols in place.

Nuscale Power Corporation (NYSE:SMR)

Nuscale Power saw its share prices decline by 6.4 percent on Thursday to end at $24.71 apiece as investors resorted to profit-taking following a surge in Thursday’s valuation.

Analysts were generally bullish about the company’s business outlook amid ongoing plans from the US government to prioritize ramping up energy resources to power homes and businesses, while also taking advantage of an expected increase in energy demand to bolster the Artificial Intelligence industry. Both factors were expected to bolster SMR’s growth.

For its part, the International Energy Agency (IEA) posted a bullish outlook for SMR in particular due to its heavy focus on small modular reactors, with the IEA regarding the business as particularly promising.

Overall SMR ranks 9th on our list of Thursday’s top losers. While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SMR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.